Give two examples of errors of principle?

Explanation

Here area unit the samples of errors of Principle

(i) Expenses obtained Installation of Machinery Debited to Expenses Account: during this dealings, expenses obtained the installation of machinery that may be a cost and may be debited to machinery account has been treated as revenue expenditure and incorrectly debited to sundry expenses account. This error violates the principle.

(ii) quantity Spent on Repair of Machinery Debited to Machinery Account: during this dealings, quantity of repair is revenue expenditure and may be debited to repair account that has been treated as cost and incorrectly debited to the machinery account. This error conjointly desecrated the principle.